Tane
October 17, 2024, 1:28am
102
We vote FOR the proposal on Tally.
We maintain the support made in the Snapshot phase and acknowledge that lack of transparency is largely due to the nature of partnership discussions and the protection for the competitive edge. We will review the special section dedicated to this partnership funds in the future transparency reports.
I’m voting FOR on Tally. My rationale remains the same as in my temp-check comments:
With Orbit expansion, Stylus, focus in gaming and the entire Arbitrum infrastructure, a significant communications challenge is necessary to abstract the complexity. So it is partnerships and having the right incentives to spread the word and bring the awareness.
As well as pushing the boundaries for more detailed reports. As we’re investing 250M ARB.
We need to continue pushing about this. It’s our responsibility not just approve and give funds but also request for results and transparency.
I voted FOR in this proposal.
I don’t have strong opinions on the amount requested. To be honest, at this point, focusing on growth and a robust ecosystem is important compared to other alternatives.
It also seems reasonable to focus on one ecosystem for now rather than others, particularly gaming in this case.
I do agree with some colleagues above that it should be aligned with GCP to avoid overlap and create a greater impact on the ecosystem.
With Orbit expansion, Stylus, and the entire Ar…
snowdot
October 17, 2024, 7:06pm
104
Gm, gm
The results are in for the [Non-Constitutional] Funds to Bolster Foundation’s Strategic Partnerships Budget on-chain proposal.
See how the community voted and more Arbitrum stats:
Explore # [Non-Constitutional] Funds to Bolster Foundation’s Strategic Partnerships Budget proposal, results, votes, and analytics
olimpio
November 1, 2024, 3:20am
105
Voted for in Tally, ratifying my Snapshot vote. Thanks for feedback and comments addressing questions.
Arbitrum:
Hi @olimpio and @cp0x ,
Thank you for your questions.
The partnership agreements that the Foundation is concluding are in line with its mission as stated in the bylaws , i.e. to Fostering ecosystem growth through strategic grants. We invite you to read Foundation’s latest transparency report for a detailed spending up to June 30, 2024. Additionally in our snapshot proposal we outline all of our current obligations, for an even more up to date overview.
These strategic partnerships benefit the ecosystem via things such as: revenue and technical mindshare on the Orbit stack obtained by the DAO via the Arbitrum Expansion Program, new active users that each new project building on Arbitrum brings, same with liquidity inflows and increase in total value locked on Arbitrum chains. These are important metrics that Arbitrum is leading and has been leading for some time. Maintaining and enhancing Arbitrum’s position as the leading Ethereum scaling solution with dominant market share including hundreds of apps on the platform and over 40% of all rollup liquidity does not come at zero cost.
We believe that nobody should take all these metrics and developments for granted, and we are focused on building Arbitrum and maintaining its position as the leading scaling solution.
The funds will be spent towards future growth of the chain, in line with the Foundation’s mission. As mentioned previously, the crypto space moves fast and some of the innovations that exist today in the blockchain space did not exist 5 years ago. It is impossible to predict all new narratives, technology and application innovations over the next 3-5 years. Having restrictions on specific verticals may limit our ability to keep up with a fast-paced industry. As of today, we are actively working on Defi, RWA, infrastructure, DePin and gaming (before GCP is fully setup) to name a few. We always recommend reading our transparency reports which are released every 6 months. It allows us to update the ArbitrumDAO on how our strategy for partnerships and grants has changed over time based on the latest learnings and trends in the industry. Again, we will have a special section dedicated to the partnership funds.
The Arbitrum ecosystem, like all ecosystems, relies on transparent and confidential programs. It is important that there are public transparent funding initiatives run by the DAO and at the same time highly strategic initiatives run by the Foundation which often involve traditional institutions having years of TradFi and Web2 experience. The Foundation’s program helps bolster the confidential funding programs that may ultimately help aid the transparent programs as we act as a gateway to onboard new institutions to participate in the ArbitrumDAO.
Strategic partners and major institutions often require strict confidentiality. A major partner will always request an NDA which will legally bind the Foundation to keep sensitive information confidential. Additionally, having public data on partnership terms is a significant disadvantage in the growth of the Arbitrum ecosystem because our competitors do not have open data on expenses, and if our data is public, they can use that information to outbid us on future partnership opportunities. Please note that these are usually large RFPs where all of Arbitrum’s competitors are usually present. Simultaneously, projects that are negotiating a grant will also be able to use this data to come with unrealistic expectations.
